Trend of Asian stock exchanges
Asian stock exchanges closed the day with disappointing results, in particular the Hong Kong Hang Seng Index, which registered a decline of 1.2%, stopping at 19,366.96 points. This decline was influenced by negative performance in the consumer goods and real estate sectors, sectors that showed signs of weakness due to increasing caution among investors.
Struggling sectors
The technology sector has not been immune to this trend, with the Hang Seng Tech Index falling 1.5%. Mainland Chinese stock exchanges also showed signs of weakness, with the Shanghai composite index falling by 0.4%, closing at 3,295.70 points, and the Shenzhen composite index falling by 0.6%. Investors’ caution is palpable, waiting for the next Beijing central government summit, scheduled for December, which could further influence the market
.
Economic Indicators and Prospects
From an economic point of view, the M3 money supply registered an increase of 3.4% in October 2024, in line with expectations, while the M1 aggregate saw a growth of 0.2%. Loans to families and businesses increased by 0.8% and 1.2% respectively, signaling some stability in the financial system. However, political and commercial uncertainties continue to weigh on investor mood
.
Tokyo bucking the trend
Contrary to the general trend, the Tokyo Stock Exchange closed positively, supported by electronic stocks and expectations of further rate cuts by the Federal Reserve. This development is particularly significant, considering the uncertainties over U.S. trade policy, which continue to affect global markets. Japanese investors seem optimistic, at least in the short term, while other European stock exchanges open above parity, suggesting a
possible recovery.